Intel, Avago Buck The Value-Destructive Trend

Two major tech mergers are pending right now, with Intel planning to acquire Altera and Avago snapping up Broadcom. Many companies that make major acquisitions end up destroying value for shareholders (and this very issue is a debate in the Intel – Altera deal), but in the case of [...]

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Allan Mecham Unloads Berkshire; Bets On Outerwall

Allan Mecham's Arlington Value Capital had an incredible 2014, with its AVM Ranger fund gaining 31.8% in the year compared to the S&P 500's 13.7% gain. In the firm's latest letter to investors, Mecham said that over the last six-and-a-half years, Arlington has compounded 37.9% per annum, compared to [...]

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Lakewood Capital Still Shorting Tesla Motors Inc, SolarCity Corp

Shorts on Tesla and SolarCity are still Lakewood Capital's biggest losing positions Lakewood Capital's Anthony Bozza remains convinced that Tesla Motors and SolarCity shares are going down. And that's despite the fact that the short positions in both of Elon Musk's companies continue to be his firm's two biggest losers.   Lakewood [...]

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eBay: How Long Will It Take For Carl Icahn To Go Away?

Shares of eBay Inc (NASDAQ:EBAY) have been reacting positively to news that Carl Icahn had acquired a significant stake in the company. However, Bernstein analysts believe investors are reacting to the possibility of an increased share buyback and other steps rather than the fact of Icahn's involvement. They consider [...]

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Men's Wearhouse To Acquire Jos. A. Bank Clothiers

Well it's about time, to say the least. The drama between The Men's Wearhouse, Inc. (NYSE:MW) and Jos. A. Bank Clothiers Inc (NASDAQ:JOSB) is finally coming to a close. After a long and troubled courtship, the two companies announced today via a press release that Men's Wearhouse will acquire [...]

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Is BYD The Next Tesla Motors Inc?

Tesla Motors Inc (TSLA) shares have had an incredible run, and now one firm says there's a Chinese EV maker that's being overlooked. Longboard CEO Cole Wilcox says BYD Company Limited (HKG:1211)'s story is under told and that it's time investors sat up and took notice. If you remember, [...]

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SEC Responds To Sen. Ed Markey On Herbalife Ltd. (HLF)

The Securities and Exchange Commission's letter to Sen. Ed Markey regarding Herbalife Ltd. (NYSE:HLF) is pretty scant on answers. Regulators basically said that they don't disclose information about whether they have investigated or are currently investigating a company on suspicions of being a pyramid scheme. Then they go into [...]

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Elliott: Riverbed Technology's Board Has 'Failed Shareholders'

Riverbed Technology, Inc. (NASDAQ:RVBD) spurned Elliott Management's offer to buy all of its outstanding shares for $21 apiece in cash, and Elliott already has a response for the company. The firm says Riverbed's board of directors has failed the company's shareholders—again. Elliott raised bid for Riverbed This week, Elliott Management increased [...]

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Stan Druckenmiller Recommends IBM As A Short, Shares Dip

Stan Druckenmiller is now the second major hedge fund manager this week to oppose Warren Buffett over a stock. He said today that he's actually shorting International Business Machines Corp. (NYSE:IBM), which happens to be one of Buffett's two largest position, according to a recent Bloomberg interview conducted at [...]

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Ken Heebner Discusses Huge Treasury Short Bet [EXCLUSIVE]

Ken Heebner, co-founder of Capital Growth Management and portfolio manager of CGM Focus Fund, thinks bonds are especially dangerous right now, but he’s bullish on the housing market and on the largest U.S. banks. He’s scheduled to appear on “Consuelo Mack WealthTrack” on public television tomorrow to discuss his views [...]

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